US, China Agree to Work Together on Cyber Security

The United States and China have agreed to work together to counter cybersecurity threat, U.S. Secretary of State John Kerry said today.
The two countries moved to ease the tensions after trading accusations of hacking and internet theft in recent months.
They two countries also agreed to not launch the first cyber attack on the other’s critical infrastructure during the peacetime.
Speaking to presspersons during a visit to China, Kerry said America and China will set up a working group on cybersecurity, which Washington considers as its top national security concern.
“Because the US and China have developed technological capabilities in this arena, it’s extremely important that we work together to develop ways to avoid any miscalculation or misperception that could lead to the crisis in this area,” he said.
“Cybersecurity affects the financial sector, banks, financial transactions, every aspect of nations in modern times are affected by the use of cyber networking and obviously all of us – every nation – has an interest in protecting its people, protecting its rights, protecting its infrastructure.”
During the meeting with Kerry, China’s Foreign Minister Wang Yi stressed on the need of joint efforts to safeguard cyberspace, China’s official news agency Xinhua reported.
“It (cyber crime) concerns the securities in many areas, including the politics, the economy, the military and people’s livelihood. For example, you have a certain sum of deposit in the bank.Well, this bank account was hacked by other people, and your money was stolen. This concerns our personal life. Therefore, I believe it is correct for all the nations to pay such great attention to cybersecurity,” he said.

China, US moved to ease the tensions after trading accusations of hacking and internet theft in recent months.

The United States says hacking attacks emanating from China have targeted the computer networks of the U.S government and media corporations and stolen critical government and commercial data.Washington and Beijing have traded accusations in the recent months that saw massive cyber intrusions.
America claims that Chinese hackers have targeted the computer networks of the US government and media networks, stealing critical government and commercial data.
Last month, The US firm, Mandian, accused that the cyberattacks had been traced a 12-story building near Shanghai, where is believed to be housed by the personnel of China’s army if not by hackers.
China, however, has denied the allegations and termed itself a victim of US-based hacking attacks.